Lee Bivins Foundation

Nonprofit profile at a glance

EIN
753009699
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Amarilllo, TX, USA
Phone
8063799400
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$2,899
Expenses
$438,835
Assets
$6,100,501
Liabilities
$1,458,539

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • KATHARYN WIEGAND (PRESIDENT &)

Highest reported compensation

  • KATHARYN WIEGAND (PRESIDENT &): $279,789 total reported compensation
  • PAUL SNEED (CHIEF FIN OF): $212,188 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To build, establish and maintain in the city of amarillo, Texas, or in the vicinity thereof, either in potter or randall counties, a home or homes for worthy, aged and needy persons, and to operate such homes, expand, build or rebuild any such homes and to do each and everything whatsoever necessary, requisite or incident thereto. Preference shall be given in admission to said homes to those who have lived and practiced the christian religion. The purposes stated in this subsection shall be deemed the primary purpose of the corporation and the maintenance and operation of said homes shall at all times have preference in the use of income and/or corpus of property belonging to the corporation or held in trust for it.

What it reported doing in 2024

Previously through may 1, 2021, the foundation operated bivins pointe, which facility and operations provided high quality healthcare for senior adults in the northern 26 counties of the Texas panhandle, regardless of income, including private rooms with private baths. The support of skilled nursing care was the foundation's primary financial focus. However effective may 1, 2021, the organization ceased all operations of bivins pointe and transitioned its facilities through an in-kind long- term operating lease to the cenikor foundation, an unrelated third party tax-exempt organization. Cenikor provides a comprehensive range of evidence-based addiction recovery programs designed to support individuals at every stage of their substance use disorder recovery journey.

Operating model

Revenue model
Investment-supported. 91% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15,037.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 13.9; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 21.9%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -18.6% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -16.1% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -5.4% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $280K · 11 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.